#1
2. Which economic indicator is often used to gauge a country's overall economic health?
Consumer Price Index (CPI)
Stock market index
Gross Domestic Product (GDP)
Foreign exchange rate
#2
5. What is the 'Global South' in the context of economic development?
Developed countries
Middle-income countries
Less developed or developing countries
Industrialized nations
#3
7. What is the 'Poverty Line' used to determine?
Maximum income level
Minimum wage
Minimum standard of living
Maximum GDP growth
#4
9. Which type of inequality focuses on differences in wealth distribution among individuals in a society?
Income inequality
Gender inequality
Social inequality
Wealth inequality
#5
1. What is the Gini coefficient used for in the context of economic inequality?
Measuring income inequality
Calculating GDP growth
Estimating inflation rate
Assessing unemployment rate
#6
3. In the context of development economics, what does the term 'Human Development Index (HDI)' measure?
Income inequality
Life expectancy, education, and per capita income
Gini coefficient
Poverty rate
#7
6. Which factor is often considered a driver of economic inequality within a country?
Political stability
Technological advancement
Educational opportunities
Climate change
#8
8. In the context of globalization, what is a potential consequence for economic inequality among nations?
Decreased inequality
Increased inequality
No impact on inequality
Stagnant economic growth
#9
18. What role does education play in the relationship between economic inequality and development?
Increasing income inequality
Serving as a tool for social mobility
Exacerbating poverty
Having no impact on economic development
#10
4. Which economic theory suggests that a rising tide lifts all boats, emphasizing overall economic growth benefiting everyone?
Trickle-down economics
Keynesian economics
Marxist economics
Supply-side economics
#11
10. According to the Kuznets Curve, what relationship does economic development have with income inequality over time?
Negative correlation
Positive correlation
No correlation
Exponential correlation
#12
16. What is the 'Race to the Bottom' in the context of globalization and economic inequality?
Competition among nations to lower environmental standards and labor rights
Encouraging fair trade practices
Promoting international cooperation for economic development
Equal distribution of resources among countries
#13
17. How does the 'Kaldor-Hicks efficiency' concept relate to policy decisions addressing economic inequality?
Prioritizing equal distribution of resources
Emphasizing efficiency, allowing for some to gain while others lose
Advocating for progressive taxation
Supporting a command economy
#14
19. According to the 'Dependency Theory,' what contributes to economic underdevelopment in some countries?
Technological innovation
Reliance on foreign aid
Market-oriented policies
Industrialization